Stability Of Your Income Source
Our job, usually the first income source we have and the only income source for most. While there is a need for us to have multiple sources of income, many people are still largely reliant only on their job. But…
Category Financial Literacy
The Next Generation
During the era of my great-grandfather, there was war. To die was a common fate. To survive was top priority. They did what they could to secure a chance for their children to survive, be it by fleeing the land…
What To Do If You Suddenly Lost Your Job
In one of my earlier posts, I gave certain tips on how we can prepare in advance for an upcoming recession. But what if you do not have enough time to prepare for it, or if you simply do nothing…
How To Prepare For A Recession
Recession comes once every 10 to 12 years. While there are many signs predicting when it will happen, sometimes the timeline may shift a little due to human manipulation or unforeseen circumstances. Recently there has been more and more talks…
The Importance Of Having Multiple Sources Of Income
Many of us know the concept of not putting all the eggs in one basket, for that is risking it. If that particular basket collapsed, all our eggs are gone. This applies to investments where we buy a variety of…
Crypto Savings
Note: There are many technicalities involved if we want to be very specific in the explanation of crypto currency. But considering that there may be readers who does not know much about the crypto scene, this article will intentionally use…
UK Raises Interest Rates
1. Fed has been saying that they will raise interest rates to curb inflation. 2. UK has raised interest rates for the first time in 18 years, since 2004. 3. US will most likely also raise interest rates soon, as…
Choosing Which Crypto To Invest In
Bitcoin first came out in 2009, and soon after a few other coins came out. Quickly gaining traction among the circle of blockchain and decentralisation enthusiasts, crypto currency soon became a hot topic and became a financial instrument by itself,…
Skeletal Plan Towards Financial Freedom Part IV – Persisting
The last step in the skeletal plan of working towards financial freedom is mainly just about persisting. Everybody can run 100m, but running 42km is a feat accomplished by a few. Even if you can run 100m in 10 seconds,…
Skeletal Plan Towards Financial Freedom Part III – Growing Your Money
Now that you have saved up a portion of your money, your next step will definitely be growing your money. At this stage most people will tell you that passive income is the way to go, letting your money work…
Skeletal Plan Towards Financial Freedom Part II – Saving Money
In the last article we talked about earning money as the first step towards financial freedom. Assuming we have already done that, that is getting a job and more, we are now ready to proceed with the next step. The…
Skeletal Plan Towards Financial Freedom Part I – Earning Money
For commoners like me who do not have a strong family background, achieving financial freedom is a very big but still achievable goal. One that requires a lot of time, effort and sacrifice. The process takes place over the span…